Which of the Following Statements Is True About the Contingency

question 17

Multiple Choice

Which of the following statements is true about the contingency perspective?

• A) It states that the organizations which are not influenced by their external environments tend to be more successful than others.
• B) It states that effective managerial behavior in one situation cannot always be generalized to other situations.
• C) It states that all employees tend to perform better when they are promised higher incentives.
• D) It states that the behavior of employees at work is not influenced by social processes.
• E) It is a part of the classical perspective of management.

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Definitions:

Economic Profit

The difference between the total revenue generated by a business and the total costs, including both explicit and opportunity costs.

Profit-Maximizing

The process or strategy by which a company determines the price level and production volume that generates the most profit.

Local Monopoly

A condition where a single firm has control over a market or product within a specific geographical area.

Price Discriminate

A strategy where a seller charges different prices for the same product or service to different customers, based on factors like willingness to pay, location, or purchase volume.